Its expansion plans are based on the franchise model as well as some company-owned schools.
Kangaroo Kids Education (KKEL) is looking at expanding its network of pre-schools and K-12 brand schools in Jaipur, Jodhpur, and Udaipur in the next 24 months. Initially, KKEL aims to launch 10 of its premium pre-schools and 4 to 5 K-12 schools under the Billabong High International School brand.
The company’s expansion plans are in line with its growth strategy to meet the growing demand for premium pre-schools and K12 schools in these cities. Its expansion plans are based on the franchise model as well as some company-owned schools.
Rushabh Shah, Head, Marketing & Business Development, KKEL, said, “Rajasthan is a planned state and has seen an exceptional makeover with some significant infrastructural developments. Some cities like Jaipur, Udaipur, and Jodhpur are well-developed cities. It has also unlocked the doors for investors to set their foot in this region making it one of the most favorable destinations for firms to invest and get some handsome returns”
“We believe in providing children with an opportunity to experience our world-class unique teaching methodology that enables making learning fun. Hence, we are looking at a select few partners to start preschools and K12 School in and around Rajasthan,” he added.
Billabong High International School aligns its curriculum to ICSE, IGCSE and CBSE boards, offering the best in class learning for students right from playgroup to Grade 12.
“We have been consistently investing across all tenets that make learning an extraordinary experience. These include curriculum, innovation, teacher training, technology, and a more engaging ecosystem for our stakeholders including students, parents, teachers, and partners,” Rushabh further stated.
Current Scenario of Preschool Market in India
The Indian pre-school market has witnessed healthy growth in recent years. This market in India is poised to grow at a CAGR of around 19% during 2019-2024.
The growth of the Indian pre-school market is driven primarily by factors like rising parent awareness for early childhood education and care, coupled with the rising number of nuclear families and working women in the country.
As of 2015, there were 33,000 preschools in the country and the number is growing exponentially. Enticed with such huge potential, entrepreneurs are willing to invest in the preschool market.
Franchising Prospects of Preschool Industry
Franchising is the trend of the hour, and pre-school franchises are gaining tremendous popularity owing to an increase in demand for reputable brands, higher disposable incomes, etc. For a pre-school franchise, you would require a moderate investment with high-profit revenue.
In India, investing in a preschool franchise is one profitable option for investors that are planning to start something of their own. In fact, the preschool education industry is growing by leaps and bounds, which is eventually opening the gate of opportunities for aspiring franchisors.
Since the segment requires lesser regulatory limitations and has a minimal infrastructural requirement, the industry is all set to emerge as one of the profitable education business options in the near time.